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Share link:In this post: ETH might struggle to reach $10k by 2030 if L2 networks continue to get most of the revenue. VanEck research projects that Ethereum might need to adjust its roadmap to address L2 value extraction. ETH is up 9% in the past seven days even as it underperforms compared to major L1 tokens.
Share link:In this post: Inflation in the U.S. has dropped, but history shows it can easily surge again, just like in the 1970s. Key factors like rising wages, government debt, and oil supply issues could fuel inflation’s return. The surge in gold prices suggests that inflation may be far from over and a recession could hit the U.S. economy again soon.
- 17:33Data: Sky's annualised net income hits record high of $274 millionDeFi deal Sky (formerly MakerDAO) has announced that its annualised net revenue has reached a record high of $274 million, which stood at $167 million on 21 November.
- 17:32Bitcoin rose more than 36% in November, the fourth best month since October 2021Bitcoin's November gain of over 36% would be the fourth best performing month since October 2021, just below February 2024 (44%), January 2023 (40%) and October 2021 (40%). On a quarterly basis, Bitcoin is up 51% in the current quarter, with December still some way off. The current market structure for Bitcoin is similar to the fourth quarter of 2020, which saw strong green growth in October and November and a correction during Thanksgiving 2020, when the Bitcoin bull market began.
- 17:31Opinion: DOGE ETF Filing ‘Definitely’ HappeningAlexander Blume, CEO of Two Prime Digital Assets, said the DOGE ETF application is ‘definitely’ going to happen, arguing that with the outstanding success of the BTC ETF, startup financial firms will be looking to create any product that is likely to be successful, although whether or not it will be approved is another matter. approval is another matter.
